OLA ELECTRIC : RIGHTS ISSUE WORTH RS 1 CR AT RS 27/SHARE

• Rights issue of up to 37,02,72,665 partly paid-up equity shares at ₹27 each, aggregating up to ₹999.74 Cr • Issue ratio 2 Rights Equity Shares for every 25 fully paid-up shares; record date October 13, 2026 • Issue opens October 22, 2026 and closes October 30, 2026; on-market renunciation ends October 26, 2026 • Investors pay ₹16.20 per share on application; balance ₹10.80 per share on first and final call expected by October 31, 2027 • Objects include repayment/prepayment of certain outstanding borrowings of company and material subsidiaries, organic growth initiatives, and general corporate purposes • Promoter Bhavish Aggarwal to subscribe to full extent of his rights entitlement; may apply for additional shares

Ola Electric Mobility Ltd

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